Advertisement
The AI Revolution: Reshaping Supply Chain Management
Author: Dr. Anya Sharma, PhD, a leading researcher in the field of Operations Research and Artificial Intelligence, with 15 years of experience consulting Fortune 500 companies on optimizing their supply chain strategies using AI-powered solutions. Dr. Sharma's work has been published extensively in leading academic journals and industry publications.
Publisher: Supply Chain Digest, a highly respected and influential publication dedicated to providing in-depth analysis and reporting on all aspects of supply chain management. Their reputation for accuracy and insightful commentary within the industry makes them a trusted source of information.
Editor: Mark Johnson, a veteran supply chain executive with over 20 years experience in logistics and operations, possesses a deep understanding of the challenges and opportunities presented by the integration of AI into supply chain management.
Keywords: AI impact on supply chain management, artificial intelligence supply chain, AI in logistics, supply chain optimization, AI-powered supply chain, predictive analytics supply chain, machine learning supply chain, AI supply chain transformation, digital supply chain, intelligent automation supply chain.
Abstract: This report explores the transformative impact of artificial intelligence (AI) on supply chain management. We will delve into specific applications of AI across various supply chain functions, examining both the benefits and challenges associated with AI adoption. The analysis will be supported by data and research findings from reputable sources, illustrating the significant improvements AI brings to efficiency, resilience, and profitability. The future implications of the AI impact on supply chain management will also be considered.
1. Introduction: The Evolving Landscape of Supply Chain Management
The global supply chain has always been a complex and dynamic system, susceptible to disruptions caused by unforeseen events like natural disasters, geopolitical instability, and even unexpected demand fluctuations. Traditionally, managing these complexities relied heavily on human expertise and reactive strategies. However, the advent of artificial intelligence is fundamentally altering this landscape. The AI impact on supply chain management is rapidly becoming a defining factor in determining a company's competitiveness and resilience. This report will examine how AI is being leveraged to optimize various aspects of the supply chain, enhancing efficiency, reducing costs, and improving overall performance.
2. AI Applications Across the Supply Chain
The AI impact on supply chain management is felt across various functions:
2.1. Demand Forecasting: Accurate demand forecasting is crucial for efficient inventory management. Traditional forecasting methods often struggle to account for numerous variables. AI algorithms, particularly machine learning models, can analyze vast datasets encompassing historical sales data, economic indicators, social media trends, and even weather patterns to generate significantly more accurate demand predictions. Research by Gartner shows that businesses using AI for demand forecasting experience a 10-20% improvement in forecast accuracy.
2.2. Inventory Optimization: Overstocking ties up capital and risks obsolescence, while understocking leads to lost sales and customer dissatisfaction. AI-powered inventory management systems can analyze real-time data on demand, lead times, and warehouse capacity to optimize inventory levels. This leads to reduced storage costs and improved service levels. A study by McKinsey found that AI-driven inventory optimization can reduce inventory holding costs by 20-40%.
2.3. Logistics and Transportation: AI is revolutionizing logistics and transportation by optimizing routes, scheduling deliveries, and predicting potential disruptions. AI-powered route optimization systems can analyze real-time traffic data, weather conditions, and other factors to determine the most efficient routes, reducing fuel consumption and delivery times. Predictive maintenance using AI can also prevent equipment failures, minimizing downtime and maintenance costs. The AI impact on supply chain management in this area has led to significant improvements in delivery speed and cost reduction.
2.4. Supply Chain Risk Management: Unexpected events can significantly disrupt supply chains. AI can help identify and mitigate these risks by analyzing data from various sources to predict potential disruptions. For instance, AI algorithms can monitor geopolitical events, natural disasters, and supplier performance to identify potential threats and suggest proactive mitigation strategies. This proactive approach significantly reduces the financial and operational impact of disruptions. The AI impact on supply chain management in risk management is particularly critical in today's volatile global environment.
2.5. Warehouse Management: AI-powered warehouse management systems automate tasks such as picking, packing, and sorting, increasing efficiency and reducing errors. Robotics and automated guided vehicles (AGVs) integrated with AI systems are improving warehouse operations significantly. This automation also reduces labor costs and improves safety.
3. Benefits of AI in Supply Chain Management
The AI impact on supply chain management translates into significant tangible benefits:
Improved Efficiency: Automation of tasks and optimized processes lead to increased efficiency and reduced operational costs.
Enhanced Visibility: Real-time data analysis provides complete visibility across the entire supply chain, enabling proactive decision-making.
Reduced Costs: Optimized inventory levels, efficient transportation, and reduced waste lead to significant cost savings.
Increased Resilience: Proactive risk management and improved adaptability to disruptions enhance supply chain resilience.
Better Customer Service: Faster delivery times, improved order accuracy, and greater responsiveness to customer needs enhance customer satisfaction.
4. Challenges and Considerations in AI Adoption
Despite the numerous benefits, adopting AI in supply chain management presents certain challenges:
Data Quality and Availability: AI algorithms require large amounts of high-quality data to function effectively. Data silos and inconsistent data formats can hinder AI adoption.
Integration Complexity: Integrating AI systems with existing supply chain systems can be complex and costly.
Skills Gap: A shortage of skilled professionals with expertise in AI and supply chain management can limit the successful implementation of AI solutions.
Cost of Implementation: The initial investment in AI technology and infrastructure can be significant.
Ethical Concerns: Data privacy and security concerns need to be addressed when implementing AI systems that handle sensitive data.
5. The Future of AI in Supply Chain Management
The AI impact on supply chain management is expected to grow exponentially in the coming years. We can anticipate further advancements in areas such as:
Hyperautomation: Increased automation of supply chain processes using AI and robotic process automation (RPA).
Predictive Maintenance: More sophisticated predictive maintenance models that can prevent equipment failures and minimize downtime.
Blockchain Technology Integration: Combining AI with blockchain to enhance supply chain transparency and traceability.
Digital Twins: Creating digital representations of supply chains to simulate different scenarios and optimize performance.
AI-driven Sustainability: Leveraging AI to optimize resource utilization and reduce the environmental impact of supply chains.
6. Conclusion
The AI impact on supply chain management is undeniable. AI is rapidly transforming the way businesses manage their supply chains, driving efficiency, improving resilience, and creating new opportunities for growth. While challenges exist, the benefits far outweigh the costs. Companies that embrace AI are positioning themselves for success in a highly competitive and dynamic global market. Investing in AI-powered supply chain solutions is no longer a luxury; it's a necessity for survival and growth in the modern business world.
FAQs
1. What are the most common AI applications in supply chain management? Demand forecasting, inventory optimization, route optimization, risk management, and warehouse automation are among the most prevalent applications.
2. How can AI improve supply chain resilience? AI enables proactive risk identification and mitigation through predictive analytics and real-time monitoring of potential disruptions.
3. What are the biggest challenges in implementing AI in supply chains? Data quality, integration complexity, skills gap, cost of implementation, and ethical concerns are major hurdles.
4. What is the return on investment (ROI) of AI in supply chain management? ROI varies depending on the specific application and implementation, but studies suggest significant cost savings and efficiency gains.
5. How can companies ensure the ethical use of AI in their supply chains? Companies must prioritize data privacy, security, and transparency, while also addressing potential biases in AI algorithms.
6. What are the future trends in AI-powered supply chain management? Hyperautomation, predictive maintenance, blockchain integration, digital twins, and AI-driven sustainability are key future trends.
7. What skills are needed to manage an AI-powered supply chain? A combination of supply chain expertise, data science skills, and AI knowledge is crucial.
8. How can small and medium-sized enterprises (SMEs) benefit from AI in supply chain management? Cloud-based AI solutions and partnerships with AI providers can make AI accessible to SMEs.
9. What are the best practices for successfully implementing AI in a supply chain? Start with a clear business case, choose the right AI solutions, invest in data quality, and ensure effective change management.
Related Articles:
1. "AI-Powered Demand Forecasting: A Comparative Analysis of Machine Learning Algorithms": This article compares the performance of different machine learning algorithms for demand forecasting in the context of supply chain management.
2. "Optimizing Logistics with AI: Case Studies in Route Optimization and Delivery Scheduling": This article presents real-world examples of how AI is used to optimize logistics and transportation in various industries.
3. "The Role of AI in Supply Chain Risk Management: Proactive Mitigation Strategies": This article explores how AI can be used to identify, assess, and mitigate supply chain risks.
4. "AI-Driven Inventory Optimization: Reducing Costs and Improving Service Levels": This article delves into the techniques and benefits of using AI for inventory optimization.
5. "The Impact of AI on Warehouse Automation: Robotics and Automated Guided Vehicles": This article examines the role of AI in automating warehouse operations.
6. "Building a Successful AI Strategy for Supply Chain Management: A Step-by-Step Guide": This article provides a practical guide for companies seeking to implement AI in their supply chains.
7. "The Ethical Considerations of AI in Supply Chain Management: Data Privacy and Bias Mitigation": This article focuses on ethical issues related to the use of AI in supply chains.
8. "AI and Blockchain: A Powerful Combination for Enhancing Supply Chain Transparency and Traceability": This article explores the synergistic potential of AI and blockchain in improving supply chain visibility.
9. "The Future of Supply Chain Management: The Rise of Autonomous Supply Chains": This article discusses the long-term implications of AI and other technologies on the future of supply chain management.
ai impact on supply chain management: AI and Machine Learning Impacts in Intelligent Supply Chain Pandey, Binay Kumar, Kanike, Uday Kumar, George, A. Shaji, Pandey, Digvijay, 2024-01-29 Businesses are facing an unprecedented challenge - the urgent need to adapt and thrive in a world where intelligent factories and supply chains are the new norm. The digital transformation of supply chains is essential for staying competitive, but it is a complex journey fraught with uncertainties. How can organizations harness the power of emerging technologies like Artificial Intelligence (AI) and Machine Learning (ML) to increase profitability, cut supply chain costs, elevate customer service, and optimize their networks? The answers to these questions are crucial for business survival and success. AI and Machine Learning Impacts in Intelligent Supply Chain is a groundbreaking book that offers a comprehensive solution to the challenges posed by the Industry 4.0 revolution. This book is your indispensable guide to navigating the intricate world of supply chain digital transformation using innovative technologies. It provides real-world examples and insights that illustrate how AI and ML are the keys to solving complex supply chain problems, from inventory management to route optimization and beyond. Whether you are an academic scholar seeking to delve into the impact of AI and ML on supply chain management or a business leader striving to gain a competitive edge, this book is tailored to meet your needs. |
ai impact on supply chain management: Artificial Intelligent Techniques for Wireless Communication and Networking R. Kanthavel, K. Anathajothi, S. Balamurugan, R. Karthik Ganesh, 2022-02-24 ARTIFICIAL INTELLIGENT TECHNIQUES FOR WIRELESS COMMUNICATION AND NETWORKING The 20 chapters address AI principles and techniques used in wireless communication and networking and outline their benefit, function, and future role in the field. Wireless communication and networking based on AI concepts and techniques are explored in this book, specifically focusing on the current research in the field by highlighting empirical results along with theoretical concepts. The possibility of applying AI mechanisms towards security aspects in the communication domain is elaborated; also explored is the application side of integrated technologies that enhance AI-based innovations, insights, intelligent predictions, cost optimization, inventory management, identification processes, classification mechanisms, cooperative spectrum sensing techniques, ad-hoc network architecture, and protocol and simulation-based environments. Audience Researchers, industry IT engineers, and graduate students working on and implementing AI-based wireless sensor networks, 5G, IoT, deep learning, reinforcement learning, and robotics in WSN, and related technologies. |
ai impact on supply chain management: The Oxford Handbook of Supply Chain Management Thomas Y. Choi, Julie Juan Li, Dale S. Rogers, Tobias Schoenherr, Stephan M. Wagner, This handbook is currently in development, with individual articles publishing online in advance of print publication. At this time, we cannot add information about unpublished articles in this handbook, however the table of contents will continue to grow as additional articles pass through the review process and are added to the site. Please note that the online publication date for this handbook is the date that the first article in the title was published online. |
ai impact on supply chain management: The Art of Structuring Katrin Bergener, Michael Räckers, Armin Stein, 2019-01-25 Structuring, or, as it is referred to in the title of this book, the art of structuring, is one of the core elements in the discipline of Information Systems. While the world is becoming increasingly complex, and a growing number of disciplines are evolving to help make it a better place, structure is what is needed in order to understand and combine the various perspectives and approaches involved. Structure is the essential component that allows us to bridge the gaps between these different worlds, and offers a medium for communication and exchange. The contributions in this book build these bridges, which are vital in order to communicate between different worlds of thought and methodology – be it between Information Systems (IS) research and practice, or between IS research and other research disciplines. They describe how structuring can be and should be done so as to foster communication and collaboration. The topics covered reflect various layers of structure that can serve as bridges: models, processes, data, organizations, and technologies. In turn, these aspects are complemented by visionary outlooks on how structure influences the field. |
ai impact on supply chain management: Blockchain, IoT, and AI Technologies for Supply Chain Management Priyanka Chawla, Adarsh Kumar, Anand Nayyar, Mohd Naved, 2023-05-05 Supply chain management, often known as SCM, refers to the extensive variety of operations that are required to plan, monitor, and coordinate the movement of a product from its raw materials to its finished state in the most time- and money-efficient manner possible. How the supply chain is managed has an impact not only on the quality of the product and the service but also on the distribution, costs, and overall customer experience. Supply chain management is a massive undertaking that needs firms to reevaluate the method in which they operate their supply chains. Blockchain, IoT, and AI Technologies for Supply Chain Management discusses the problems and difficulties that the facilitators of the supply chain confront, in addition to the possible solutions to such problems and difficulties. This book will be the only one of its kind to address the impact of COVID-19 on supply chain systems involving different stakeholders such as producers, dealers, and manufacturers and will provide a foundation for future research opportunities that will allow for the unrestricted expansion and prosperity of business. It will serve as a foundation for academics, scientists, and educationists interested in the use of modern technologies in the field of supply chain management, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Blockchain. In addition to those engaged in research, undergraduate and postgraduate students in higher education can also use this publication as a reference book. This book also presents a multifaceted perspective for the general public, including topics such as computer science, the food business, hotel management, fashion, medical, inventory management, and agricultural spheres. |
ai impact on supply chain management: Artificial Intelligence for COVID-19 Diego Oliva, Said Ali Hassan, Ali Mohamed, 2021-07-19 This book presents a compilation of the most recent implementation of artificial intelligence methods for solving different problems generated by the COVID-19. The problems addressed came from different fields and not only from medicine. The information contained in the book explores different areas of machine and deep learning, advanced image processing, computational intelligence, IoT, robotics and automation, optimization, mathematical modeling, neural networks, information technology, big data, data processing, data mining, and likewise. Moreover, the chapters include the theory and methodologies used to provide an overview of applying these tools to the useful contribution to help to face the emerging disaster. The book is primarily intended for researchers, decision makers, practitioners, and readers interested in these subject matters. The book is useful also as rich case studies and project proposals for postgraduate courses in those specializations. |
ai impact on supply chain management: The AI Economy Roger Bootle, 2019-11-26 Gold winner in Business Technology category, 2020 Axiom Business Book Awards Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future. Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future. |
ai impact on supply chain management: Data-Driven Technologies and Artificial Intelligence in Supply Chain Mahesh Chand, Vineet Jain, Puneeta Ajmera, 2023-11-22 This book highlights the importance of data-driven technologies and artificial intelligence in supply chain management. It covers important concepts such as enabling technologies in Industry 4.0, the impact of artificial intelligence, and data-driven technologies in lean manufacturing. Provides solutions to solve complex supply chain management issues using artificial intelligence and data-driven technologies. Emphasizes the impact of a data-driven supply chain on quality management. Discusses applications of artificial intelligence, and data-driven technologies in the service industry, and lean manufacturing. Highlights the barriers to implementing artificial intelligence in small and medium enterprises. Presents a better understanding of different risks such as procurement risks, process risks, demand risks, transportation risks, and operational risks. The book comprehensively discusses the applications of artificial intelligence and data-driven technologies in supply chain management for diverse fields such as service industries, manufacturing industries, and healthcare. It further covers the impact of artificial intelligence and data-driven technologies in managing the FMGC supply chain. It will be a valuable resource for senior undergraduate, graduate students, and academic researchers in diverse fields including electrical engineering, electronics and communications engineering, industrial engineering, manufacturing engineering, production engineering, and computer engineering. |
ai impact on supply chain management: Artificial Intelligence in Industrial Applications Steven Lawrence Fernandes, Tarun K. Sharma, 2021-12-07 This book highlights the analytics and optimization issues in industry, to propose new approaches, and to present applications of innovative approaches in real facilities. In the past few decades there has been an exponential rise in the application of artificial intelligence for solving complex and intricate problems arising in industrial domain. The versatility of these techniques have made them a favorite among scientists and researchers working in diverse areas. The book is edited to serve a broad readership, including computer scientists, medical professionals, and mathematicians interested in studying computational intelligence and their applications. It will also be helpful for researchers, graduate and undergraduate students with an interest in the fields of Artificial Intelligence and Industrial problems. This book will be a useful resource for researchers, academicians as well as professionals interested in the highly interdisciplinary field of Artificial Intelligence. |
ai impact on supply chain management: Blockchain, IoT, and AI Technologies for Supply Chain Management Veena Grover, |
ai impact on supply chain management: Blockchain and Supply Chain Management Nir Kshetri, 2021-03-03 Blockchain and Supply Chain Management combines discussions of blockchain and supply chains, linking technologies such as artificial intelligence, Internet of Things, satellite imagery, and machine vision. The book examines blockchain's basic concepts, relevant theories, and its roles in meeting key supply chain objectives. The book addresses problems related to inefficiency, opacity, and fraud, helping the digitization process, simplifying the value creation process, and facilitating collaboration. The book is balanced between blockchain and supply chain application and theory, covering the latest technological, organizational and regulatory developments in blockchain from a supply chain perspective. The book discusses the opportunities, barriers, and enablers of blockchain in supply chain policy, along with legal and ethical implications. Supply chain management faces massive disruption with the dynamic changes in global trade, the impact of Covid-19, and technological innovation. Entire industries are also being transformed by blockchain, with some of the most promising applications in supply chain management. - Provides theoretical and practical insights into both blockchain and supply chains - Features numerous illustrative case studies, boxes, tables, and figures - Examines blockchain's impacts on supply chains in four key industries: Food and beverage, healthcare, pharmaceuticals, and finance |
ai impact on supply chain management: Handbook of Research on Applied AI for International Business and Marketing Applications Christiansen, Bryan, Škrinjari?, Tihana, 2020-09-25 Artificial intelligence (AI) describes machines/computers that mimic cognitive functions that humans associate with other human minds, such as learning and problem solving. As businesses have evolved to include more automation of processes, it has become more vital to understand AI and its various applications. Additionally, it is important for workers in the marketing industry to understand how to coincide with and utilize these techniques to enhance and make their work more efficient. The Handbook of Research on Applied AI for International Business and Marketing Applications is a critical scholarly publication that provides comprehensive research on artificial intelligence applications within the context of international business. Highlighting a wide range of topics such as diversification, risk management, and artificial intelligence, this book is ideal for marketers, business professionals, academicians, practitioners, researchers, and students. |
ai impact on supply chain management: Handbook of Research on Innovative Management Using AI in Industry 5.0 Garg, Vikas, Goel, Richa, 2021-11-19 There is no industry left where artificial intelligence is not used in some capacity. The application of this technology has already stretched across a multitude of domains including law and policy; it will soon permeate areas beyond anyone’s imagination. Technology giants such as Google, Apple, and Facebook are already investing their money, effort, and time toward integrating artificial intelligence. As this technology continues to develop and expand, it is critical for everyone to understand the various applications of artificial intelligence and its full potential. The Handbook of Research on Innovative Management Using AI in Industry 5.0 uncovers new and innovative features of artificial intelligence and how it can help in raising economic efficiency at both micro and macro levels and provides a deeper understanding of the relevant aspects of artificial intelligence impacting efficacy for better output. Covering topics such as consumer behavior, information technology, and personalized banking, it is an ideal resource for researchers, academicians, policymakers, business professionals, companies, and students. |
ai impact on supply chain management: Blockchain, IoT, and AI Technologies for Supply Chain Management Veena Grover, Balamurugan Balusamy, Mariofanna Milanov, A. Yovan Felix, 2024-07-18 Examine the synergistic possibilities of combining blockchain, IoT, and AI technologies in supply chain management. This book will address the difficulties and possibilities of integrating these technologies and offer helpful implementation advice. The current state of supply chain management involves several challenges, including lack of transparency, limited visibility into product movements, inefficient inventory management, and difficulty in tracking and tracing products. Blockchain, IoT, and AI can potentially address some of these challenges and improve supply chain management. To help illustrate this, case studies and actual instances of businesses implementing or experimenting with blockchain, IoT, and AI technology in their supply chains are included in the book. You’ll review helpful advice on implementation and highlight successful deployments, lessons learned, and the impact of these technologies on supply chain visibility, agility, sustainability, and customer experience. This book further elaborates the fundamental concepts of AI and ML algorithms and demonstrates how AI can process enormous volumes of supply chain data to produce actionable insights, improve inventory control, forecast demand, and increase forecasting precision. This collective work will serve as a comprehensive guide for supply chain professionals, researchers, and technology enthusiasts interested in understanding the potential of blockchain, IoT, and AI technologies in revolutionizing supply chain management practices. What You Will Learn Discuss the evolving landscape of technology, potential advancements, and how Blockchain, IoT, and AI can shape the future of supply chains Gain Insight into upcoming developments and prepare for changing dynamics of the industry Understand intricate details of blockchain, IoT, and AI Technologies in real-life scenarios Who Is This Book For Industry Professionals working in the domain of supply chain management who would be interested in understanding how these technologies can enhance efficiency, transparency, and optimization in their supply chains. |
ai impact on supply chain management: The Digital Supply Chain Bart L. MacCarthy, Dmitry Ivanov, 2022-06-09 The Digital Supply Chain is a thorough investigation of the underpinning technologies, systems, platforms and models that enable the design, management, and control of digitally connected supply chains. The book examines the origin, emergence and building blocks of the Digital Supply Chain, showing how and where the virtual and physical supply chain worlds interact. It reviews the enabling technologies that underpin digitally controlled supply chains and examines how the discipline of supply chain management is affected by enhanced digital connectivity, discussing purchasing and procurement, supply chain traceability, performance management, and supply chain cyber security. The book provides a rich set of cases on current digital practices and challenges across a range of industrial and business sectors including the retail, textiles and clothing, the automotive industry, food, shipping and international logistics, and SMEs. It concludes with research frontiers, discussing network science for supply chain analysis, challenges in Blockchain applications and in digital supply chain surveillance, as well as the need to re-conceptualize supply chain strategies for digitally transformed supply chains. |
ai impact on supply chain management: The New (Ab)Normal Yossi Sheffi, 2020-10-01 Much has been written about Covid-19 victims, how scientists raced to understand and treat the disease, and how governments did (or did not) protect their citizens. Less has been written about the pandemic’s impact on the global economy and how companies coped as the competitive environment was upended. In his new book, The New (Ab)Normal, MIT Professor Yossi Sheffi maps how the Covid-19 pandemic impacted business, supply chains, and society. He exposes the critical role supply chains play in helping people, governments, and companies to manage the crisis. The book draws on executive interviews, pandemic media coverage, and historical analyses. Sheffi also builds on themes from his books The Resilient Enterprise (2005) and The Power of Resilience (2015) to enrich the narrative. The author paints a compelling picture of how the Covid-19 virus is changing many facets of human life and what our post-pandemic world might look like. This must-read book helps companies to redefine their business models and adjust to a fast-evolving economic landscape. The stage is set In Part 1 of the book, “What Happened,” the author looks at how companies fought to mend the global economic fabric even as the virus ripped more holes in it. Part 2, “Living with Uncertainty,” views the crisis through a supply chain risk management lens derived from Yossi Sheffi’s previous books. This perspective shows how companies create corporate immune systems to quickly recognize and manage large-scale disruptions. The ongoing pandemic is creating a new normal in life, work, and education—covered in Part 3, “Adjustment Required.” Consumer fears about the contagion as well as government mandates require businesses in industries such as retail, hospitality, entertainment, sports, and education to create “safe zones” for workers and customers. Many elements of the book – especially in Part 4, “Supply Chains for the Future” – show how the virus accelerated preexisting trends in technology adoption. China was the epicenter of the pandemic; it also was the first nation to be disrupted and recover. Part 5 of the book, “Of Politics and Pandemics,” explains why reports that companies are abandoning China in favor of other offshore manufacturing centers do not reflect reality. Fundamentally, The New (Ab)Normal is about businesses trying to create a better future in a time of extreme uncertainty – a point emphasized in Part 6, “The Next Opportunities.” The outlook is not necessarily gloomy. The advance of technology is accelerating, a trend that can level the playing field between small and large companies. Nimble small businesses are using a growing array of off-the-shelf cloud computing and mobile apps to deploy sophisticated technologies in their supply chains and customer interfaces. The New (Ab)Normal Another new normal is working from home. Remote working enables individuals to live anywhere and companies to recruit talent from anywhere. Education, especially higher education, faces a major disruption (and major opportunity) that is likely to shake the high-cost model of in-person education in favor of online or hybrid education. Regrettably, the book recognizes one trend accentuated by Covid-19--the growing inequality, and anticipates that the new normal will be more stratified. |
ai impact on supply chain management: Artificial Intelligence Harvard Business Review, 2019 Companies that don't use AI to their advantage will soon be left behind. Artificial intelligence and machine learning will drive a massive reshaping of the economy and society. What should you and your company be doing right now to ensure that your business is poised for success? These articles by AI experts and consultants will help you understand today's essential thinking on what AI is capable of now, how to adopt it in your organization, and how the technology is likely to evolve in the near future. Artificial Intelligence: The Insights You Need from Harvard Business Review will help you spearhead important conversations, get going on the right AI initiatives for your company, and capitalize on the opportunity of the machine intelligence revolution. Catch up on current topics and deepen your understanding of them with the Insights You Need series from Harvard Business Review. Featuring some of HBR's best and most recent thinking, Insights You Need titles are both a primer on today's most pressing issues and an extension of the conversation, with interesting research, interviews, case studies, and practical ideas to help you explore how a particular issue will impact your company and what it will mean for you and your business. |
ai impact on supply chain management: Responsible AI and Analytics for an Ethical and Inclusive Digitized Society Denis Dennehy, Anastasia Griva, Nancy Pouloudi, Yogesh K. Dwivedi, Ilias Pappas, Matti Mäntymäki, 2021-08-25 This volume constitutes the proceedings of the 20th IFIP WG 6.11 Conference on e-Business, e-Services, and e-Society, I3E 2021, held in Galway, Ireland, in September 2021.* The total of 57 full and 8 short papers presented in these volumes were carefully reviewed and selected from 141 submissions. The papers are organized in the following topical sections: AI for Digital Transformation and Public Good; AI & Analytics Decision Making; AI Philosophy, Ethics & Governance; Privacy & Transparency in a Digitized Society; Digital Enabled Sustainable Organizations and Societies; Digital Technologies and Organizational Capabilities; Digitized Supply Chains; Customer Behavior and E-business; Blockchain; Information Systems Development; Social Media & Analytics; and Teaching & Learning. *The conference was held virtually due to the COVID-19 pandemic. |
ai impact on supply chain management: Logistics 4.0 Turan Paksoy, Cigdem Gonul Kochan, Sadia Samar Ali, 2020-12-17 Industrial revolutions have impacted both, manufacturing and service. From the steam engine to digital automated production, the industrial revolutions have conduced significant changes in operations and supply chain management (SCM) processes. Swift changes in manufacturing and service systems have led to phenomenal improvements in productivity. The fast-paced environment brings new challenges and opportunities for the companies that are associated with the adaptation to the new concepts such as Internet of Things (IoT) and Cyber Physical Systems, artificial intelligence (AI), robotics, cyber security, data analytics, block chain and cloud technology. These emerging technologies facilitated and expedited the birth of Logistics 4.0. Industrial Revolution 4.0 initiatives in SCM has attracted stakeholders’ attentions due to it is ability to empower using a set of technologies together that helps to execute more efficient production and distribution systems. This initiative has been called Logistics 4.0 of the fourth Industrial Revolution in SCM due to its high potential. Connecting entities, machines, physical items and enterprise resources to each other by using sensors, devices and the internet along the supply chains are the main attributes of Logistics 4.0. IoT enables customers to make more suitable and valuable decisions due to the data-driven structure of the Industry 4.0 paradigm. Besides that, the system’s ability of gathering and analyzing information about the environment at any given time and adapting itself to the rapid changes add significant value to the SCM processes. In this peer-reviewed book, experts from all over the world, in the field present a conceptual framework for Logistics 4.0 and provide examples for usage of Industry 4.0 tools in SCM. This book is a work that will be beneficial for both practitioners and students and academicians, as it covers the theoretical framework, on the one hand, and includes examples of practice and real world. |
ai impact on supply chain management: Advanced Analytics and AI Tony Boobier, 2018-04-03 Be prepared for the arrival of automated decision making Once thought of as science fiction, major corporations are already beginning to use cognitive systems to assist in providing wealth advice and also in medication treatment. The use of Cognitive Analytics/Artificial Intelligence (AI) Systems is set to accelerate, with the expectation that it’ll be considered ‘mainstream’ in the next 5 – 10 years. It’ll change the way we as individuals interact with data and systems—and the way we run our businesses. Cognitive Analysis and AI prepares business users for the era of cognitive analytics / artificial intelligence. Building on established texts and commentary, it specifically prepares you in terms of expectation, impact on personal roles, and responsibilities. It focuses on the specific impact on key industries (retail, financial services, utilities and media) and also on key professions (such as accounting, operational management, supply chain and risk management). Shows you how users interact with the system in natural language Explains how cognitive analysis/AI can source ‘big data’ Provides a roadmap for implementation Gets you up to speed now before you get left behind If you’re a decision maker or budget holder within the corporate context, this invaluable book helps you gain an advantage from the deployment of cognitive analytics tools. |
ai impact on supply chain management: The AI-Powered Enterprise Seth Earley, 2020-04-28 Learn how to develop and employ an ontology, the secret weapon for successfully using artificial intelligence to create a powerful competitive advantage in your business. The AI-Powered Enterprise examines two fundamental questions: First, how will the future be different as a result of artificial intelligence? And second, what must companies do to stake their claim on that future? When the Web came along in the mid-90s, it transformed the behavior of customers and remade whole industries. Now, as part of its promise to bring revolutionary change in untold ways to human activity, artificial intelligence--AI--is about to create another complete transformation in how companies create and deliver value to customers. But despite the billions spent so far on bots and other tools, AI continues to stumble. Why can't it magically use all the data organizations generate to make them run faster and better? Because something is missing. AI works only when it understands the soul of the business. An ontology is a holistic digital model of every piece of information that matters to the business, from processes to products to people, and it's what makes the difference between the promise of AI and delivering on that promise. Business leaders who want to catch the AI wave--rather than be crushed by it--need to read The AI-Powered Enterprise. The book is the first to combine a sophisticated explanation of how AI works with a practical approach to applying AI to the problems of business, from customer experience to business operations to product development. |
ai impact on supply chain management: Utilization of AI Technology in Supply Chain Management Pandey, Digvijay, Pandey, Binay Kumar, Kanike, Uday Kumar, George, A. Shaji, Kaur, Prabjot, 2024-03-01 The surge in digital transformation and the integration of innovative technologies into manufacturing processes have given rise to a pressing issue in supply chain management. Businesses are in dire need of solutions to navigate this complexity and harness the true potential of intelligent supply chains. Utilization of AI Technology in Supply Chain Management is a comprehensive guide tailored for academic scholars seeking to unravel the mysteries of artificial intelligence (AI) and machine learning (ML) in the context of supply chain management. Amid the hype surrounding AI and ML, there exists a critical need to bridge the gap between human expertise and technological advancements. Utilization of AI Technology in Supply Chain Management addresses this necessity by delving into real-world instances where teams have successfully employed these innovative technologies to enhance supply chain performance, reduce inventory, and optimize routes. The adoption of AI and ML is not just a trend; it is the cornerstone of digital acceleration initiatives, making it imperative for scholars to understand and leverage these technologies effectively. |
ai impact on supply chain management: Revisiting Supply Chain Risk George A. Zsidisin, Michael Henke, 2018-12-18 This book offers a bridge between our current understanding of supply chain risk in practice and theory, and the monumental shifts caused by the emergence of the fourth industrial revolution. Supply chain risk and its management have experienced significant attention in scholarship and practice over the past twenty years. Our understanding of supply chain risk and its many facets, such as uncertainty and vulnerability, has expanded beyond utilizing approaches such as deploying inventory to buffer the initial effects of disruptions. Even with our increased knowledge of supply chain risk, being in the era of lean supply chain practices, digitally managed global supply chains, and closely interconnected networks, firms are exposed as ever to supply chain uncertainties that can damage, or even destroy, their ability to compete in the marketplace. The book acknowledges the criticality of big data analytics in Supply Chain Risk Management (SCRM) processes and provides appropriate tools and approaches for creating robust SCRM processes. Revisiting Supply Chain Risk presents a state-of-the-art look at SCRM through current research and philosophical thought. It is divided into six sections that highlight established themes, as well as provide new insights to developing areas of inquiry and contexts on the topic. Section 1 examines the first step in managing supply chain risk, risk assessment. The chapters in Section 2 encompass resiliency in supply chains, while Section 3 looks at relational and behavioral perspectives from varying units of analysis including consortiums, teams and decision makers. Section 4 focuses on examining supply chain risk in the contexts of sustainability and innovation. Section 5 provides insight on emerging typologies and taxonomies for classifying supply chain risk. The book concludes with Section 6, featuring illustrative case studies as real-world examples in assessing and managing supply chain risk. |
ai impact on supply chain management: Applications of Machine Learning Prashant Johri, Jitendra Kumar Verma, Sudip Paul, 2020-05-04 This book covers applications of machine learning in artificial intelligence. The specific topics covered include human language, heterogeneous and streaming data, unmanned systems, neural information processing, marketing and the social sciences, bioinformatics and robotics, etc. It also provides a broad range of techniques that can be successfully applied and adopted in different areas. Accordingly, the book offers an interesting and insightful read for scholars in the areas of computer vision, speech recognition, healthcare, business, marketing, and bioinformatics. |
ai impact on supply chain management: Application of Artificial Intelligence in Government Practices and Processes José Ramón Saura, Felipe Debasa, 2022 This book identifies the main uses that governments make of artificial intelligence and outlines define citizens' concerns about their privacy, covering topics that are essential to understanding how governments should use artificial intelligence in their practices and processes-- |
ai impact on supply chain management: A Shot in the Arm Yossi Sheffi, 2021-10-19 In A Shot in the Arm, MIT Professor Yossi Sheffi recounts the extraordinary journey to deliver Covid-19 vaccines: from scientific advancements to candidate vaccines and mass vaccination. It is a story of bold innovation, risk-taking, and teamwork as scientists, engineers, supply chain experts, manufacturers, and governments collaborated on the greatest product launch in history. The book also highlights the breathtaking potential of revolutionary mRNA technology and the vital lessons for combating other global challenges, including climate change. |
ai impact on supply chain management: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
ai impact on supply chain management: ADKAR Jeff Hiatt, 2006 In his first complete text on the ADKAR model, Jeff Hiatt explains the origin of the model and explores what drives each building block of ADKAR. Learn how to build awareness, create desire, develop knowledge, foster ability and reinforce changes in your organization. The ADKAR Model is changing how we think about managing the people side of change, and provides a powerful foundation to help you succeed at change. |
ai impact on supply chain management: Intelligent Decision Making: An AI-Based Approach Gloria Phillips-Wren, Nikhil Ichalkaranje, 2008-03-04 Intelligent Decision Support Systems have the potential to transform human decision making by combining research in artificial intelligence, information technology, and systems engineering. The field of intelligent decision making is expanding rapidly due, in part, to advances in artificial intelligence and network-centric environments that can deliver the technology. Communication and coordination between dispersed systems can deliver just-in-time information, real-time processing, collaborative environments, and globally up-to-date information to a human decision maker. At the same time, artificial intelligence techniques have demonstrated that they have matured sufficiently to provide computational assistance to humans in practical applications. This book includes contributions from leading researchers in the field beginning with the foundations of human decision making and the complexity of the human cognitive system. Researchers contrast human and artificial intelligence, survey computational intelligence, present pragmatic systems, and discuss future trends. This book will be an invaluable resource to anyone interested in the current state of knowledge and key research gaps in the rapidly developing field of intelligent decision support. |
ai impact on supply chain management: Digital Supply Networks: Transform Your Supply Chain and Gain Competitive Advantage with Disruptive Technology and Reimagined Processes Amit Sinha, Ednilson Bernardes, Rafael Calderon, Thorsten Wuest, 2020-07-21 Deliver unprecedented customer value and seize your competitive edge with a transformative digital supply network Digital tech has disrupted life and business as we know it, and supply chain management is no exception. But how exactly does digital transformation affect your business? What are the breakthrough technologies and their capabilities you need to know about? How will digital transformation impact skills requirements and work in general? Do you need to completely revamp your understanding of supply chain management? And most importantly: How do you get started? Digital Supply Networks provides clear answers to these and many other questions. Written by an experienced team comprised of Deloitte consultants and leading problem-driven scholars from a premier research university, this expert guide leads you through the process of improving operations building supply networks, increasing revenue, reimagining business models, and providing added value to customers, stakeholders, and society. You’ll learn everything you need to know about: Stages of development, roles, capabilities, and the benefits of DSN Big data analytics including its attributes, security, and authority Machine learning, Artificial Intelligence, Blockchain, robotics, and the Internet of Things Synchronized planning, intelligent supply, and digital product development Vision, attributes, technology, and benefits of smart manufacturing, dynamic logistics, and fulfillment A playbook to guide the digital transformation journey Drawing from real world-experience and problem-driven academic research, the authors provide an in-depth account of the transformation to digitally connected supply networks. They discuss the limitations of traditional supply chains and the underlying capabilities and potential of digitally-enabled supply flows. The chapters burst with expert insights and real-life use cases grounded in tomorrow’s industry needs. Success in today’s hyper-competitive, fast-paced business landscape, characterized by the risk of black swan events, such as the 2020 COVID-19 global pandemic, requires the reimagination and the digitalization of complex demand-supply systems, more collaborative and connected processes, and smarter, more dynamic data-driven decision making―which can only be achieved through a fully integrated Digital Supply Network. |
ai impact on supply chain management: OECD Business and Finance Outlook 2021 AI in Business and Finance OECD, 2021-09-24 The OECD Business and Finance Outlook is an annual publication that presents unique data and analysis on the trends, both positive and negative, that are shaping tomorrow’s world of business, finance and investment. |
ai impact on supply chain management: Next Generation Supply Chains Rosanna Fornasiero, Saskia Sardesai, Ana Cristina Barros, Aristides Matopoulos, 2020-12-31 This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process. |
ai impact on supply chain management: Advances in Manufacturing and Industrial Engineering Ranganath M. Singari, Kaliyan Mathiyazhagan, Harish Kumar, 2021-01-13 This book presents selected peer reviewed papers from the International Conference on Advanced Production and Industrial Engineering (ICAPIE 2019). It covers a wide range of topics and latest research in mechanical systems engineering, materials engineering, micro-machining, renewable energy, industrial and production engineering, and additive manufacturing. Given the range of topics discussed, this book will be useful for students and researchers primarily working in mechanical and industrial engineering, and energy technologies. |
ai impact on supply chain management: Enterprise Artificial Intelligence Transformation Rashed Haq, 2020-06-10 Enterprise Artificial Intelligence Transformation AI is everywhere. From doctor's offices to cars and even refrigerators, AI technology is quickly infiltrating our daily lives. AI has the ability to transform simple tasks into technological feats at a human level. This will change the world, plain and simple. That's why AI mastery is such a sought-after skill for tech professionals. Author Rashed Haq is a subject matter expert on AI, having developed AI and data science strategies, platforms, and applications for Publicis Sapient's clients for over 10 years. He shares that expertise in the new book, Enterprise Artificial Intelligence Transformation. The first of its kind, this book grants technology leaders the insight to create and scale their AI capabilities and bring their companies into the new generation of technology. As AI continues to grow into a necessary feature for many businesses, more and more leaders are interested in harnessing the technology within their own organizations. In this new book, leaders will learn to master AI fundamentals, grow their career opportunities, and gain confidence in machine learning. Enterprise Artificial Intelligence Transformation covers a wide range of topics, including: Real-world AI use cases and examples Machine learning, deep learning, and slimantic modeling Risk management of AI models AI strategies for development and expansion AI Center of Excellence creating and management If you're an industry, business, or technology professional that wants to attain the skills needed to grow your machine learning capabilities and effectively scale the work you're already doing, you'll find what you need in Enterprise Artificial Intelligence Transformation. |
ai impact on supply chain management: Technology in Supply Chain Management and Logistics Anthony M. Pagano, Matthew Liotine, 2019-09-07 Technology in Supply Chain Management and Logistics: Current Practice and Future Applications analyzes the implications of these technologies in a variety of supply chain settings, including block chain, Internet of Things (IoT), inventory optimization, and medical supply chain. This book outlines how technologies are being utilized for product planning, materials management and inventory, transportation and distribution, workflow, maintenance, the environment, and in health and safety. Readers will gain a better understanding of the implications of these technologies with respect to value creation, operational effectiveness, investment level, technical migration and general industry acceptance. In addition, the book features case studies, providing a real-world look at supply chain technology implementations, their necessary training requirements, and how these new technologies integrate with existing business technologies. - Identifies emerging supply chain technologies and trends in technology acceptance and utilization levels across various industry sectors - Assists professionals with technology investment decisions, procurement, best values, and how they can be utilized for logistics operations - Features videos showing technology application, including optimization software, cloud computing, mobility, 3D printing, autonomous vehicles, drones and machine learning |
ai impact on supply chain management: Global Macrotrends and Their Impact on Supply Chain Management Chad Wheeler Autry, Thomas J. Goldsby, John Edward Bell, 2013 New solutions and best practices for mitigating risk Includes full length examples in each chapter By three of the world’s leading experts in Supply Chain Management In the coming years, several global macrotrends are likely to substantially disrupt modern business practices, add unprecedented complexity to supply chains, and cause massive problems for supply chain, logistics, and operations managers. Now, three leading experts help you understand these macrotrends, anticipate and assess their potential impact to your business, systematically mitigate emerging risks, and leverage new opportunities for sustainable profit. The authors help you plan for continued population growth and migration; the growing buying power of rising economies; broader and deeper global connectivity; national geopolitical activities aimed at protecting access to natural resources; and the likely impacts of environmental and climate change. They offer actionable insights for virtually all supply-chain related decisions: from locating plants and warehouses to prioritizing markets, designing products, and choosing suppliers. |
ai impact on supply chain management: Innovative Supply Chain Management via Digitalization and Artificial Intelligence Kumaresan Perumal, Chiranji Lal Chowdhary, Logan Chella, 2022-04-06 This book focuses on the impact of artificial intelligence (AI) and machine learning (ML) models on supply chain operations in industry 4.0. The chapters illustrate the AI and ML models for all functional areas of operations in SCM. The book also includes examples using ML models like handling supply-to-demand imbalances, triggering automated responses, and reinforcing customer relationships. It describes the evolution of blockchain technology coupled with the ability to automate business logic for the transparency of goods, infrastructure, products, and licenses in software. The book also includes case studies that provide a problem statement and industry overcome by applying ML and AI technologies. This book is suitable for undergraduates, postgraduates, industrial professionals, business executives, entrepreneurs, and freelancers to encourage practical learning on AI and ML algorithms in SCM 4.0. Additionally, this book will provide computer science and information system professionals with the latest technologies embedded in the corporate world. |
ai impact on supply chain management: Supply Chain Secrets Rob O'Byrne, 2011 How to save your business millions!!! The international expert and author Rob O’Byrne gives his powerful and essential tips and insights based on over 1,200 client assignments across 22 countries. This book shows you how to find the greatest potential for massive savings and increased bottom line. You’ll Learn:* How to access the big ticket items to reduce costs* 5 critical tips on measuring for superior performance* Balancing cost and service for more effective distribution* How to stop inventory investment blow outs* 3 key steps to developing a game winning supply chain strategy* The 5 key steps to improving warehousing effectiveness* Avoiding the stuff that screws your supply chain performance |
ai impact on supply chain management: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
ai impact on supply chain management: The Fourth Industrial Revolution: Implementation of Artificial Intelligence for Growing Business Success Allam Hamdan, Aboul Ella Hassanien, Anjum Razzaque, Bahaaeddin Alareeni, 2021-04-11 This book focuses on the implementation of AI for growing business, and the book includes research articles and expository papers on the applications of AI on decision-making, health care, smart universities, public sector and digital government, FinTech, and RegTech. Artificial Intelligence (AI) is a vital and a fundamental driver for the Fourth Industrial Revolution (FIR). Its influence is observed at homes, in the businesses and in the public spaces. The embodied best of AI reflects robots which drive our cars, stock our warehouses, monitor our behaviors and warn us of our health, and care for our young children. Some researchers also discussed the role of AI in the current COVID-19 pandemic, whether in the health sector, education, and others. On all of these, the researchers discussed the impact of AI on decision-making in those vital sectors of the economy. |
Impact of Artificial Intelligence on Supply Chain Management …
AI can be used to analyze data and make predictions about demand, optimize logistics and transportation routes, and identify in-efficiencies in the supply chain. This can lead to improved …
Supply Chain networks in the age of generative AI | Accenture
In this paper, we present a comprehensive and forward-thinking exploration of the opportunities across the end-to-end supply chain. We see applications in everything from sourcing and …
How Does AI Impact Supply Chain Effectiveness?
artificial intelligence (AI) will change the way supply chain management is done in today's fast-paced world of global connectivity and new technologies. The main goal of this paper is to look …
The Impact of Artificial Intelligence on Global Supply Chains
To assess the impact of AI on supply chain resilience and risk management; • Methods Used: Evaluation of industry reports, case studies, and scholarly publications to identify AI-driven …
AI Supply Chain Management - C3 AI
Any solution that attempts to tackle challenges facing global supply chains with AI and machine learning must begin with the ability to integrate, ingest, and federate large volumes of industrial …
Research on Impact of Artificial Intelligence on logistics and …
(Toorajipour et al., 2021) In an effort to fill a knowledge vacuum, this study reviews AI's impact on supply chain management (SCM) and its applications. It finds existing and future AI methods …
Artificial Intelligence in Supply Chain Management: A …
To address this issue, we conducted a systematic literature review that aims to provide solid and relevant foundation, targeting the artificial intelligence techniques that are most prevalent...
Reviewing the role of AI and machine learning in supply chain …
The impact of digitalization and Industry 4.0 on supply chain analytics has been studied, highlighting the role of AI and ML in managing the ripple effect and disruption risk in supply …
Unleashing the Power of Generative AI and RAG Agents in …
By harnessing AI, organizations can unlock insights, mitigate risks, and drive innovation across every facet of the supply chain. The significance of AI in SCM is manifold. It enables predictive …
Digital Transformation in Supply Chain Management: Artificial ...
Through a comprehensive literature review, including an analysis of 12 key papers, this study examines the integration of AI and ML in enhancing supply chain operations, from predictive …
AI in supply chain optimization: A comparative review of USA …
The integration of Artificial Intelligence (AI) in supply chain management has become a focal point for researchers and practitioners due to its potential to revolutionize operational efficiency, …
The Use of Artificial Intelligence in the Supply Chain …
Supply chain is one of the most critical function of business that must act straightforwardly and fluently. The aim of this research is to map out possible AI applications and determine maturity …
Special Issue Title: Theorizing the role of Artificial Intelligence …
Papers should detail the adoption and operational impact of AI on specific supply chain tasks such as forecasting accuracy improvement, enhancement of track and tracing capabilities, …
ISSN No:-2456-2165 Artificial Intelligence and Supply Chain …
A. Supply Chain Management in the FMCG industry The FMCG sector's supply chain management presents distinct characteristics that influence AI implementation. This section …
THE ROLE OF ARTIFICIAL INTELLIGENCE IN SUPPLY CHAIN …
learning has significant impact on supply chain management. This research focused on the overview of supply chain management and explained the terms inventory management,
Succeeding in the AI supply-chain revolution
environmental impact of supply chains is triggering regionalization and the optimization of flows. As a result, companies and stakeholders have become more focused on supply-chain …
THE IMPACT OF DIGITAL TRANSFORMATION ON SUPPLY …
Digital transformation involves the integration of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), blockchain, big data analytics, …
Artificial Intelligence and Its Impact on Procurement and …
Through this paper, we intend to break down some of the essential AI concepts and showcase the game-changing applications that we believe are most relevant in procurement and the supply …
Managing a modern supply chain: Utilizing AI to combat …
Advancements in artificial intelligence (AI) present a unique opportunity to enhance margins and provide companies with a competitive edge. AI facilitates a proactive and predictive supply …
Joint Cybersecurity Information
Ultimately, data poisoning must be addressed from a supply chain perspective by those who train and fine-tune AI models. Proper supply chain integrity and security management (i.e., …
Artificial intelligence in supply chain management: A systematic ...
Jan 1, 2021 · To address the current scientific gap of AI in SCM, this study aimed to determine the current and potential AI techniques that can enhance both the study and practice of SCM. …
What Is AI in Supply Chain? | IBM
May 20, 2024 · Using artificial intelligence (AI) in supply chains can revolutionize the planning, production, management and optimization of supply chain activities. By processing vast …
The AI in Supply Chain Report 2025: Market Data, Use Cases
Jun 5, 2025 · Explore AI’s impact on global supply chains in 2025 with stats, use cases, ROI insights, and predictions through 2030. Data-packed and future-ready.
How Generative AI Improves Supply Chain Management
Companies face a variety of complex challenges in designing and optimizing their supply chains. Increasing their resilience, reducing costs, and improving the quality of their planning are just a...
Nine Game-Changing Ways AI Is Revolutionizing Supply Chain Management
Apr 1, 2025 · AI is transforming supply chain management by providing real-time insights that traditional methods often miss. By detecting subtle changes in demand patterns, supplier …
How AI Is Transforming Supply Chain Management | Gartner
May 21, 2025 · Supply chain AI encompasses the use of AI and machine learning (ML) to interpret data, support decision-making, and automate processes across the supply chain. This …
How AI Can Improve Supply Chain Operations - KPMG
Overcome three key hurdles that organizations face when integrating AI into their supply chain operations: organizational change, the build-or-buy strategy, and operations scalability. …
How AI is Revolutionizing Supply Chain Management: Key …
Jan 9, 2025 · As businesses face increasing complexities, Artificial Intelligence (AI) is proving to be a game-changer in supply chain management. From improving decision-making to …
Benefits of AI in Supply Chain - Oracle
Jan 11, 2024 · Organizations use AI to optimize shipping and delivery, manage warehouse capacity, track inventory, forecast demand for specific parts and components, improve worker …
How AI Is Transforming Supply Chain Operations in 2025
May 2, 2025 · Discover how companies are using artificial intelligence to revolutionize supply chain operations—from predictive analytics and demand forecasting to warehouse automation …
10 Powerful Ways AI Is Transforming Supply Chain.
Artificial Intelligence (AI) is transforming supply chain. In a world defined by volatility, uncertainty, and speed, companies are turning to AI to gain a competitive edge in efficiency, …
AI in Supply Chain Management: Powering Smarter Operations
May 30, 2025 · AI in supply chain management can analyze the complex nuances of supply chain operations — including shipping and logistics, warehouse and distribution center placement, …
The 7 Major Impacts of AI in Supply Chain Management
Oct 23, 2024 · Artificial Intelligence (AI) is transforming the way businesses manage their supply chains, providing a level of accuracy, speed, and efficiency that was previously unattainable. …
AI in Modern Supply Chain Management | Deloitte US
How can AI help companies solve these modern supply chain management challenges for a competitive edge? Discover the transformative capabilities of AI and how supply chain …
Succeeding in the AI supply-chain revolution | McKinsey
Apr 30, 2021 · Successfully implementing AI-enabled supply-chain management has enabled early adopters to improve logistics costs by 15 percent, inventory levels by 35 percent, and …
AI in Supply Chain Management: Use Cases, Impact, & More
Sep 28, 2023 · In the dynamic realm of modern business, artificial intelligence (AI) has emerged as a driving force in revolutionizing supply chain management. By optimizing inventory …
How Is AI Revolutionizing Supply Chain Management?
With AI-driven insights, companies can anticipate disruptions, streamline operations, and enhance customer satisfaction. This article explores the role of AI in supply chain management, its …
AI in Supply Chain Management: What You Need To Know
Apr 4, 2025 · The impact of AI on supply chain management enables real-time decision-making by continuously analyzing large volumes of data from various sources. This allows businesses …
The Role of AI in Developing Resilient Supply Chains
Feb 5, 2024 · Today, an increasing number of companies are turning to AI to manage their global supply chains. Two questions arise: can AI enhance supply chain resilience? What impact will …
How AI is Changing Logistics & Supply Chain in 2025?
May 16, 2025 · How is AI Changing Logistics & Supply Chain in 2025? Discover the $20.8B impact and how 78% of leaders see big gains in AI implementation.
(PDF) Impact of Artificial Intelligence on Supply Chain Management ...
Jan 1, 2023 · AI is having a great impact on supply chain management. Supply chain man- 2022). With the help of AI, supply chain managers now get a clearer picture of. service. This trend …
Shoring up global supply chains with generative AI
4 days ago · As events of recent years have amplified the vulnerability of global, interconnected supply chains, generative AI is an underused resource for spotting risk, extinguishing threats, …
How Global Companies Use AI to Prevent Supply Chain Disruptions
Nov 21, 2023 · Companies such as Walmart, Tyson Foods, Koch Industries, Maersk, Siemens, and Unilever are using AI tools to swiftly find and engage with alternative suppliers during …
Three ways to use GenAI to transform supply chain management
3 days ago · Organizations see limited gains from GenAI in supply chains. Discover three ways to use GenAI to transform supply chain management for real impact.
The Impact of AI in Supply Chain Management – Veraqor
Jan 17, 2024 · Here are a few benefits of using AI in supply chain management. 1. Lower Operational Expenses. AI in supply chain management is a cost-effective solution. By …
Supply Chain AI Isn’t Just A Math Problem—It’s A Physics
4 days ago · If supply chain leaders fail to leverage geodesic AI models, they’ll be less prepared to weather the storm whenever disruptions hit.
Benefits of AI driven supply chain | BCG
Sep 1, 2022 · Several years ago, some of us predicted that AI-powered automation would lead to “ the death of supply chain management. ” We saw the potential to turn supply chains into self …
How Artificial Intelligence Is Transforming Warehouse Operations …
Jun 1, 2025 · How Artificial Intelligence Is Transforming Warehouse Operations and Supply Chain Management Artificial intelligence is not just coming at you from mega tech companies like …
Artificial intelligence: Supply chain constraints and energy ...
May 22, 2025 · AI systems are responsible for a rapidly increasing share of global data center power demand. It can be estimated that, as of 2025, AI systems represent up to 20% of data …